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Owner Contacts

$345,999

2022 Ladin Dr, Houston, TX, 77039

$355,586 ARV

Pending

Commercial

3 Beds

2 Bath

2,143 Sq Ft

Multi Family

$161.46 / sqft

Built in 1960

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating

AppliancesENERGY STAR Qualified Appliances, Water Heater

FlooringLaminate

Exterior

Lot Size22,799 sqft

Building Information

Year Built1960

Garage Spaces2

Land Information

APN0250460040010

Lot Number10,11

SubdivisionMagnolia Gardens - Aldine

Land UseResidential

Legal DescriptionLTS 10 & 11 BLK 4 MAGNOLIA GARDENS - ALDINE

Census Tract222900

Assessed Land Value$91,200

Assessed Improvement Value$165,618

Assessment Year2025

About this property

Two beautiful renovated homes, Primary home has been completely renovated starting with the home being leveled & Repaired with termite shields, new sistered 2x8 floor joist and replaced 4x6 beams as needed, new double 3/4 plywood subfloor w/ tyvek moisture barrier, new Gray laminate flooring, new Timberline charcoal shingle roof, new American windows w/screens, new insulated doors, new exterior -interior Electrical, new PEX plumbing, new ground PVC schedule 40 plumbing in to septic, new sheetrock, new Thin Q LG refrigerator & Stove. Both bathrooms are completely new, new interior-exterior doors, new quartz kitchen counters, new Tankless water heater, 150ft water well, Conv Septic, NEW HVAC DUCTS ECT NO FLOOD*NO HOA*NO ZONING. Both homes are ready for move-in!! READY FOR MOVE -IN ** AMAZING** CALL TO Schedule your showing today or reach out for more information on this fantastic opportunity..

Investor Tools

$346,000

Estimated Property Value

$61,500Estimated Mortgage Balance

$292,149Estimated Equity

82% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$355,585

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,076 /month

Positive

Cash Flow Estimate:

$692 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$337/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,313

$256,818

2025

$91,200

$165,618

$256,818

Tax History

Year

Tax Paid

Assessed Value

2024

$2,313

$256,818

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

American Financing Corp

Conventional

$61,500

First

Mar 17, 2020

Apr 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$53,851

$292,149

84%

16%

$369/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$369/mo

+$1,353/mo

6.0%

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